SOLD
Raymond Arjmond Acquires Palm Valley Pavilions West Shopping Center In Goodyear For $59M
1446 North Litchfield Road
Retail
232,797 SF
232,797 SF
Sold 139 days ago
Summary
Sale
ARIZONA
Retail
232,797 sqft
The Palm Valley Pavilions West shopping center in Goodyear, AZ has been sold for $59 million. This transaction stands out as one of the highest-priced retail sales in the Valley in 2023. The property is located at 1446 North Litchfield Road and spans across 29 acres. It offers a total of 232,797 square feet of retail space. The price per square foot was calculated to be $253.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $59,000,000
- Address: 1446 North Litchfield Road
- Market: Goodyear, AZ
- Acres: 29
- Square Feet: 232,797
- Price per Square Foot: $253
The buyer of Palm Valley Pavilions West is Raymond Arjmond, while the seller is David Luski from DRA Advisors. This sale represents a significant deal in the retail sector, with Raymond Arjmond acquiring this prime retail property from David Luski's company.
It's worth noting that this transaction highlights the strong demand and value of retail properties in the Goodyear market.
Details
SOLD
IMAGE: David Luski
DATE: 12/21/2023
ADDRESS: 1446 North Litchfield Road
MARKET: Goodyear, AZ
ASSET TYPE: Retail ~ ACRES: 29
BUYER: Raymond Arjmond
SELLER: David Luski - DRA Advisors
SALE PRICE: $59,000,000
SF: 232,797 ~ PPSF: $253
NOTE: The Palm Valley Pavilions West shopping center in Goodyear was sold for $59 million, marking one of the highest-priced retail transactions in the Valley in 2023.View on map
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Address1446 North Litchfield Road
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